I worked for a company about 18 months ago and the CEO sent an email to everyone "prohibiting" selling your shares on the secondary market because he was worried about a hostile takeover.
None of this made sense to me. You're going to restrict your early employees from making money? No one owns more than .5% so why would one be worried at all? To me it just seemed like another example of a CEO believing their employees are second class citizens and that they don't deserve any money until the CEO is RICH.
Because the CEO holds less than a decision-making stake to himself? It wouldn't matter that everyone has a tiny percentage if an outside party is willing to spend enough money to buy them all.
None of this made sense to me. You're going to restrict your early employees from making money? No one owns more than .5% so why would one be worried at all? To me it just seemed like another example of a CEO believing their employees are second class citizens and that they don't deserve any money until the CEO is RICH.